Financial services

The Financial Services Authority is to explore changes to the client assets regime in the wake of the Lehman Brothers collapse.

Allen Stanford, the financier convicted of running an estimated $7bn Ponzi scheme, has called for a new trial, blaming the media's use of Twitter in the courtroom and a lack of time to prepare his defense.

The Financial Services Authority (FSA) has won a £32m judgment against the individuals behind three land banking operations, although it has warned investors are unlikely to recover most of the money.

Life settlements fund EEA has written to shareholders of the suspended traded life policy investments (TPLI) fund, ahead of an FSA consultation on the asset class.

The Financial Services Compensation Scheme (FSCS) says it does not expect any major investment failures in the next financial year after setting another interim levy for financial advisers.

THE KAY REVIEW

The Financial Services Authority (FSA) spotted flaws with the Arch cru marketing literature and ordered changes before the funds' suspension, Treasury financial secretary Mark Hoban has claimed.

The Financial Services Authority (FSA) has censured Bank of Scotland for failings within its Corporate Division between January 2006 and December 2008.

Pritchard Stockbrokers has gone into administration, the FSA has confirmed.

The Financial Services Authority (FSA) has published final rules on the use of market value reductions (MVRs) by with-profits providers.